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•83% Informative
Both candidates are promising tax cuts in the face of even higher deficits.
Just extending the 2017 tax cuts could add up to $4.6 trillion to the federal debt by 2033 .
Trump has said he would extend the tax cuts, paying for them in part by imposing a 10% tariff on imports.
The Biden 2025 budget proposal calls for increasing the net investment income tax (NIIT) to 5% from 3.8% for people with earned income of $ 400,000 or more.
The NIIT is a surcharge for investment income, currently applied to individuals with modified adjust gross income between $200,000 and $250,000 .
Trump has suggested he might eliminate all taxes on Social Security benefits.
VR Score
90
Informative language
91
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